Published on 7 Oct 2022 on MarketWatch
Downtown San Francisco became the epicenter of Silicon Valley’s boom, but now it must be reinvented
After a 21st-century gold rush created by big tech, downtown San Francisco is going to have to reinvent itself. Again.
The city of undulating streets, panoramic views, and booms and busts is now facing a major economic upheaval, as persistent crime, homelessness and high costs are keeping many tech office workers away, and making tech companies rethink their offices. While the city is lately portrayed as going through an apocalyptic descent into hell, this is really just another bad bust cycle for a downtown core that has experienced many before.